Please show excel formulas on how you got the answer for the cell! Thank you!

S&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments to suppliers. Use the information included in the Excel Simulation and the Excel functions described below to complete the task Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell on the Budget Data tab, "-B5" was entered, the formula would output the result from cell B5, or 1,600 in this example, Multi-Tob Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet. When using the multi-tab cell reference, type the equal sign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by apostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Schedules and Cash Budget tab ''Budget Data'C7" was entered, the formula would output the result from cell C7 in the Budget Data tab, or 33,750 In this example, Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add). - (minus sign to subtract), * (asterisk sign to multiply), and/ (forward slash to divide). From the Excel Simulation below, if in a blank cell on the Budget Data tab. -315-316' was entered the formula would add the values from those cells and output the result, or 34.000 in this example, if using the other math symbols the result would output an appropriate answer for its function SUM function: Allows you to refer to multiple cells and adds all the values. You can add Individual cell references or ranges to utilize this function. From the Excel Simulation below. If in a blank cell -SUMB10,811,812) was entered the formula would output the result of adding those three separate cells, or 97% In this example. Similarly, if in a blank cell --SUM(B10:B12) was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 97% In this example. Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ENSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE 6 x sonte HOME X Calibri 96 M Eding Paste Agent Numbe Corato Formatas Ce Format ng Toe sy B10 of 11 Nex ct 3 Shved Paste Cells U- FH- Editing Alignment Number 123 Conditional Format as Cell Formatting Table Styles Styles dipboard Font A1 X S&P Enterprises needs a cash budget for March. The following information is B c D E 21 Total budgeted selling & administrative expenses in March $12,500 22 Budgeted selling & administrative depreciation in March $3,200 23 124 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28. Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings $0 31 March 1 interest due $0 32 33. The company has a line of credit available to bolster the cash balance as needed. 34 35. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 Click the Schedules and Cash Budget tab to prepare the following schedule of expected cash collections for Manch 2. Schedule of expected cash disbursement ferventory purchases for March B. Cashbuddet for Merchi Indicate in the finanding section any borowing that will be needed in March Assume that any interestingt be paid in the following month B10 A B D E E 5,100 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales 6 March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 5.500 18,000 6,000 $ 34,600 S&P Enterprises Cash Budget For the Month of March + 18 Cash balance, March 1 19 Add cash receists! 20 collections from customers 21 Total cash available before current financing Less bursements Payment to substiers ministen Budget Data Schedules and a budge BB 6GB RUAN Tu Attempt(s) 112 Steps This is the beginning balance in accounts payable on March 1. Saved Clipboard Font Styles B10 B C D E 13 14 S&P Enterprises 15 Cash Budget 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers 124 Selling and administrative expenses Equipment purchases 25 Dividends paid 27 Total disbursements 125 Excess deficiency of cash ava able over disbursements Financing 30 Borrowings Peaments AN Totaanancing Casa 1 sche + RE Attempt 1/2